When you wake up, you find that the price of ApeCoin ($APE) has suddenly skyrocketed and is on the list of gainers. You feel lucky that you have been investing in this currency, otherwise you might have missed this wave of lucrative returns. As a leading project in the NFT field, the future prospects of $APE look very bright, especially when its mainnet is launched, it is expected to have even better performance. In addition, the circulation rate of $APE is as high as 70%, which means that there is already a large supply circulating in the market, which may have a certain impact on its price.

ApeCoin ($APE) is a crypto asset based on the Ethereum blockchain that aims to promote the development of cultural projects and communities. It is part of the ecosystem led by the ApeCoin DAO decentralized autonomous organization, and holders can become members of the DAO and participate in the decision-making of ecosystem affairs. The total supply of $APE is 1 billion, and part of it is given as gifts to specific NFT holders. As the ecosystem develops, the application scenarios and value of $APE are expected to increase further.

In the cryptocurrency market, sudden price surges are often caused by a variety of factors, including market sentiment, capital inflows, technological development, macroeconomics and policy environment. For projects like $APE, its position in the NFT track and the upcoming mainnet launch may become important factors in attracting investors and driving up prices. At the same time, a high circulation rate may mean that the market has a high degree of acceptance of the currency, but it is also necessary to pay attention to the possible price volatility risks.